US Navy Squeezes More Value From Budget Dollars

The US Naval military budget will vary from year-to-year, but its leadership is fixed in its mission to squeeze more value out of their Defense dollars by seizing cost-cutting opportunities and increasing operational efficiencies. SeaPort-e ® is a shining example where the US Navy succeeds in reducing operating costs and achieving faster, more effective procurement results to support our naval warfighters.

What do Key DoD Leaders think of the Audit?

The full-scope Department of Defense (DoD) audit is underway and many leaders in the DoD Community are aware that passing the audit with an unmodified or “clean” opinion is a process and will take some time. DoD expects to spend roughly $918M on the audit. That figure is comprised of $367M to conduct the audit this year, and $551M to remediate the audit findings by external auditors.

2018: The Year of the DoD Audit

It’s finally here: 2018. That means many of different things to many different people and for the Department of Defense (DoD), that means it’s time for the full financial audit. The Chief Financial Officers (CFO) Act of 1990, signed into law by President George H.W. Bush, is a U.S. law intended to improve the government's financial management practices. Since then, DoD has worked tirelessly to try to refine their business processes, internal controls, and accountability to support its financial statements.

Issuing Clearances Still an Issue for DoD

The backlog of security clearances piling up for the Department of Defense (DoD) is no surprise. Since the Office of Personnel and Management (OPM) breach in 2015, DoD has been on the receiving end of backlogged paperwork and stalled re-adjudications. However, there may be some good news on the horizon. Congress may be stepping in to assist DoD with its clearance problem.

St. Michael’s Celebrates Employee-Ownership Month

St. Michael’s kicked off their first annual recognition of Employee-Ownership Month in October 2017. Employee Stock Ownership Plan (ESOP) companies all over the country are doing the same in recognition of October being Employee-Ownership Month. Every company has a different way of celebrating this important month and St. Michael’s is proud to announce we are doing things “the St. Michael’s Way”. We have a variety events planned every week in the month of October to include contests, giveaways, and special announcements.

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As a service-disabled veteran-owned small business (SDVOSB), we help government agencies achieve socio-economic contracting goals.